Discover and read the best of Twitter Threads about #steveschwarzman
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#Sopranos fans know the #BustOut as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the business's workers, customers and suppliers. When the mob does it, it's a bust out; when Wall Street does it, it's #PrivateEquity.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/06/02/plu…
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pluralistic.net/2023/06/02/plu…
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It used to be that we rarely heard about private equity, but then, as national chains and iconic companies started to vanish, this mysterious financial arrangement popped up with increasing frequency.
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